Posted on 10/16/2019 6:54:15 AM PDT by C19fan
Earlier this month, nearly 2 million Californians were hurt by a planned power shutoff by Pacific Gas and Electric (PG&E), a private utility company. The shutoff was part of a botched wildfire management strategy to prevent transmission lines neglected by the company for years from catching fire. Customers received only 24 hours notice for a shutoff that lasted up to four days, during which grocery stores sat empty, cleared of basic supplies, and schools were closed. The residents of Paradise, California, displaced just one year ago by massive fires that destroyed their town and killed dozens, found themselves without electricity once again. Thirty thousand of those affected have medical needs that require access to electricity, putting them in harms way.
(Excerpt) Read more at thenation.com ...
Some of the GND plotters are proposing eliminating the use of diesel fueled agricultural machines. All of that’s to return us to the wonders of the early Soviet Union, Communist China before if evolved to fascism, Zimbabwe, Cuba, and Venezuela. Those countries all show how quickly socialist policies can destroy the strongest of economies. Indeed, it could easily happen here.
State revenue, which is on a quite high and increasing trajectory.
PGE would be the principal takeover target in the world right now were it not for the liabilities.
The state can choose which liabilities it will honor and which they will not.
They can also do some neat tricks by subsidizing their revenue stream with taxes/fees...and punitive/progressive rate tables.
A socialist’s wet dream. They can’t lose.
They’ve been working on this one for over 30 years. Outright seizure of a major capital asset.
They can predict weather for the next century. It is settled science.
The Nation seems to be just another emotional lie packed fake news outlet.
I earned my college tuition in the 70’s by clearing and spraying undergrowth under the power lines in New Hampshire. all electric companies have been doing it for a long time. It is necessary mainly for unfettered access as well as fire prevention.
State revenues are on the decline, not rising. The state is tens of billions of dollars in the red. BTW this state can’t even fix its roads, let alone think about running a large utility like this. Only and outright seizure would work - the state can only offer IOUs otherwise.
“The state is tens of billions of dollars in the red. BTW this state cant even fix its roads, let alone think about running a large utility like this. Only and outright seizure would work - the state can only offer IOUs otherwise.”
The Commie bastards will do it anyway.
Revenue is fine. Increasing every year since 2014-2015.
It’s the spending that’s crazy.
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